With accelerating demand for all things green, lithium prices may be bottoming out, creating opportunities for oversold lithium stocks. According to Pilbara Minerals (OTCMKTS: PILBF ) CEO Dale Henderson, “doomsday headlines don't reconcile with the broadly strong growth market,” as quoted by Mining.com.
Lithium stocks continue to be in dire straits well into 2024. The price for the rare earth mineral, lithium carbonate, has fallen 11.4% since the start of the year.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) hailed its aggressive exploration programme following its recent US$3 million milestone payment for achieving a 2.5 million tonne resource at its Basin project in Arizona. Ian Stalker, chairman, said: "Bradda Head maintained the company's aggressive exploration philosophy by drilling 2,353 meters at the Basin project' “Further exploration on our pegmatite project also kicked off with excellent channel sample results from our White Ridge, Morning Star, and Midnight Owl targets.
Unaudited Condensed Consolidated Quarterly Financial Statements For the three-month period ended May 31, 2024 BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 24, 2024 / Notice of No Auditor Reviews These unaudited condensed consolidated quarterly financial statements of Bradda Head Lithium Limited (the "Company") have not been reviewed by the auditors of the Company. Condensed Consolidated Statement of Comprehensive Incomes for the three-month period ended May 31, 2024 Three-month period ended May 31, 2024 (unaudited) Three-month period ended May 31, 2023 (unaudited) Notes US$ US$ Expenses General and administrative 2 (595,622) (1,258,841) Share based payment and warrant expense 10 - (180,622) Foreign exchange gain/(loss) (1,005) 136,475 ──────── ──────── Operating loss (596,627) (1,302,988) Other income Warrant fair value re-measurement 11 - 146,585 Unrealised gain on Investment at fair value through profit or loss 20,034 13,109 ──────── ──────── (Loss)/profit before finance income (576,593) (1,143,294) Finance income 7,185 59,102 ──────── ──────── (Loss)/profit before income tax (569,408) (1,084,192) Income tax expense - - ──────── ──────── Total comprehensive (loss)/profit for the period (569,408) (1,084,192) ══════ ══════ Basic and diluted (loss)/profit per share (US cents) 12 (0.146) (0.278) The accompanying notes are an integral part of these consolidated quarterly financial statements.
Unaudited Quarterly Results and MD&A for the three-month period ended 31 May 2024 BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 24, 2024 / Bradda Head Lithium Ltd (AIM:BHL)(TSXV:BHLI), the North America-focused lithium development group, is pleased to announce that it has today published its unaudited financial results for the three-months ended 31 May 2024, and the Management's Discussion and Analysis for the same period. Both of the above have been posted on the Company's website www.braddaheadltd.com and are also available on SEDARplus (www.sedarplus.ca/landingpage).
BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 24, 2024 / This management's discussion and analysis ("MD&A") reports on the operating results and financial condition of the Company for the three-month ended May 31, 2024, and is prepared as of July 23, 2024. The MD&A should be read in conjunction with Bradda Head Lithium Limited's (the "Company" or "Bradda Head") audited consolidated financial statements for the year ended February 28, 2024, and the notes thereto which were prepared in accordance with International Financial Reporting Standards ("IFRS").
Form 52-109FV2 Certification of Interim Filings Venture Issuer Basic Certificate BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 24, 2024 / I, Piotr Schabik, Chief Financial Officer of Bradda Head Lithium Limited, certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Bradda Head Lithium Limited (the "issuer") for the interim period ended May 31, 2024 2.
Form 52-109FV2 Certification of Interim Filings Venture Issuer Basic Certificate BRITISH VIRGIN ISLANDS / ACCESSWIRE / July 24, 2024 / I, Ian Stalker, Executive Chairman of Bradda Head Lithium Limited, certify the following: 1. Review: I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Bradda Head Lithium Limited (the "issuer") for the interim period ended May 31, 2024.
Amid a global supply glut of electric vehicles (EVs), lithium may be under short-term selling pressure. But an increased demand for EVs in the long term could also portend to the metal's future strength.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) has renamed its 100%-owned Clayton Valley lithium project to the Angel Island Mine, it said in a statement. The move enhances clarity in the permitting process and distinguishes it from other regional projects, the company told investors.
Nevada Lithium Resources Inc (CSE:NVLH, OTCQB:NVLHF) has kicked off a new drill program at its Bonnie Claire lithium project in a bid to capitalize on high-grade lithium and boron mineralization identified in 2023. The Bonnie Claire project, located in a sedimentary basin along the Walker Lane Trend in Nevada, showed promising results in 2023, with thick high-grade mineralization between 1,500-2,500 feet and grades up to 4,154 ppm lithium over 680 feet.
DLE Pilot Plant First Stage Production Completed, Downstream Process Optimised with Sample of Battery-Grade Lithium Produced JERSEY, UK / ACCESSWIRE / July 22, 2024 / CleanTech Lithium PLC ("CleanTech Lithium", "CTL" or the "Company")(AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing sustainable lithium projects in Chile, announces completion of the first stage of production from the Company´s DLE pilot plant operations and results from successful downstream process test work to produce battery-grade lithium carbonate by process partners in North America. Highlights: An initial volume of 88m3 of concentrated eluate, which is the lithium carbonate equivalent (LCE) of approx.